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Baota Industry Co (SZSE:000595) Accounts Receivable : ¥147.5 Mil (As of Mar. 2024)


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What is Baota Industry Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Baota Industry Co's accounts receivables for the quarter that ended in Mar. 2024 was ¥147.5 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Baota Industry Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 235.31.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Baota Industry Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥-0.28.


Baota Industry Co Accounts Receivable Historical Data

The historical data trend for Baota Industry Co's Accounts Receivable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Baota Industry Co Accounts Receivable Chart

Baota Industry Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 187.81 120.19 105.49 152.61 155.52

Baota Industry Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 160.61 154.99 136.80 155.52 147.51

Baota Industry Co Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.


Baota Industry Co Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Baota Industry Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=147.505/57.2*91
=235.31

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Baota Industry Co's accounts receivable are only considered to be worth 75% of book value:

Baota Industry Co's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is calculated as:

Net-Net Working Capital Per Share
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(81.565+0.75 * 147.505+0.5 * 191.609-547.768
-0-57.627)/1138.66
=-0.28

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.


Baota Industry Co Accounts Receivable Related Terms

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Baota Industry Co (SZSE:000595) Business Description

Traded in Other Exchanges
N/A
Address
No. 630 Beijing West Road, Xixia District, Yinchuan, Ningxia, CHN, 750021
Baota Industry Co Ltd operates in the bearing industry. The company can produce bearings from 40mm to 3500mm in diameter. The products of the company are used in rail transit, military industry, precision motor, petroleum machinery, metallurgy machinery, heavy truck, construction machinery, mining machinery, cement machinery and hydraulic engineering. Its products are sold all over China and exported to over 50 countries and regions, such as Europe, America, Asia, and Africa.
Executives
Xu Hong Chang Supervisors
Yao Zhan Wen Executives
Lu Xing Liang Directors, executives
Du Jian Wen Executives
Wang Jing Bo Director
Feng Yu Directors, executives
Zhou Jia Feng Directors, executives
Zhao Li Bao Director
Suo Zhan Hai Executives
Qian Cheng Director
Yan Hai Xiang Executives
Hao Peng Executives
Wang Yu Cai Executives
Zhen Hai Yang Directors, executives
Zhang Li Zhong Director

Baota Industry Co (SZSE:000595) Headlines

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